The objectives of the Second Phase of the Mindanao Rural Development Project for Philippines are to: 1) improve livelihood opportunities of targeted communities and 2) to institutionalize a decentralized system for agriculture and fisheries service delivery... انظر المزيد +The objectives of the Second Phase of the Mindanao Rural Development Project for Philippines are to: 1) improve livelihood opportunities of targeted communities and 2) to institutionalize a decentralized system for agriculture and fisheries service delivery that promotes participation, transparency and accountability. The reallocation is necessary to shore up the funds needed for the day-to-day operations of the project. The project was approved by the Government of the Philippines (GOP) with the condition that loan proceeds for the Investments for Governance Reform and Program Administration (IGRPA) component, where the 'soft' activities of the project and the Maintenance, Operations and Overhead Expenditures (MOOE) were lodged, will be kept small and would only cover the first year of project implementation, with the remaining years to be financed from GOP funds. The Department of Agriculture (DA) is, however, experiencing difficulties in sourcing from its budget the needed funds for MOOE due to: 1) the fiscal difficulties being experienced by the new administration; and 2) competing demands from several foreign- and locally-assisted projects it is simultaneously implementing. As a result, the DA estimates that the remaining budget for the project MOOE, sourced purely from the DA funds, is sufficient to cover requirements only until the end of 2010. The project is scheduled to close by end-December 2012.
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